A Singapore Government Agency Website
Official website links end with .gov.sg
Government agencies communicate via .gov.sg websites (e.g. go.gov.sg/open). Trusted websites

Secure websites use HTTPS

Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.
2334 datasets found

Cessation Of All Business Entities By Type, Monthly

Data from Jan 1990 to Jan 2025Updated 13 days ago

SINGSTAT (Singapore Department of Statistics)

Source: ACCOUNTING AND CORPORATE REGULATORY AUTHORITY

Data Last Updated: 18/02/2025

Update Frequency: Monthly

Footnotes: The decrease in business cessation count in January 2025 was due to a suspension of ACRA's periodic exercise to remove from the public register business entities that failed to renew their registrations and companies that were dormant. The decrease in the business formation and cessation counts in December 2024 was due to a temporary suspension of (a) all eServices on Bizfile portal including those relating to business registration and cessation to facilitate IT system migration activities carried out in first week of December; and (b) ACRA's periodic exercise to remove from the public register business entities that failed to renew their registrations and companies that were dormant. Since September 2023, ACRA has significantly increased the number of ACRA-initiated striking-off actions. This has consequentially increased the number ofcompanies struck off in February 2024. This trend is expected to persist for subsequent months. Due to a system issue in May 2023, there was a delay in the striking off process of companies and Limited Liability Partnerships. The issue was rectified in Jun 2023 and ACRA has since resumed the standard processing time for striking off applications. This has consequential effect on the published cessation statistics from Jul to Nov 2023. Due to Covid-19 pandemic and the implementation of Circuit Breaker in Singapore from 7 Apr to 1 Jun 2020, ACRA had extended the time for relevant parties to respond to notices for the striking off applications by companies and limited liability partnerships. This has a consequential effect on the published cessation statistics for Aug to Oct 2020. ACRA has since resumed the standard processing time for striking off applications. The statistics on business entities cessation till 2017 have been adjusted to provide a more accurate reflection of the underlying cessation trends. In 2016 and 2017, ACRA conducted periodic reviews and removed from its public register, sole proprietorships and partnerships that failed to renew their registrations, and companies that were dormant. These periodic removal of business entities took place at ad hoc intervals and impacted published statistics on business entities cessation. The number of business entities cessation have therefore been adjusted to reflect the removal of such business entities at the date when they would have normally been removed. Going forward, such review and removal exercises will be conducted on a regular basis to provide a more accurate reflection of cessation trends.

Adapted from: https://tablebuilder.singstat.gov.sg/table/TS/M085471

About this dataset

Contact

feedback@data.gov.sg

Created on

31 Oct 2023

Licence

Free forever for personal or commercial use, under the Open Data Licence.

Agency

SINGSTAT (Singapore Department of Statistics)